Investment

Deal of the Week: Billionaires and their investment groups back healthcare platform

Two billionaires have signed a big check for a healthcare communications platform based in Nashville, Tennessee as they pour a total of $45 million into the group in the last three years. 

Jeff Vinik, likely through his private investment office Vinik Family Office, and Howard Jenkins, through his Wisconcion-based investment group Axioma Ventures, have invested $25.5 million in a Series A round in Bridge Connector. The two investors had already committed $20 million in the group, which also has operations in Flordia, since it was founded in April, 2017. 

Jenkins is the son of  George W. Jenkins, the founder of Publix Super Markets, a big US supermarket chain based in Florida. Vinik made his money in hedge funds and has since diversified into many other investments including sports teams and real estate. 

Bridge Connector, founded by David Wenger, aims, according to its website, to change the way healthcare communicates and make the process much more efficient and patient-friendly. The platform has already hired 150 staff to help in the process and this biggest funding round to date from Vinik and Axiima will further help. 

 

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